The Archive · 1923

The Ninth Year Bonds

Peking, July 26.

With. reference to the telegram from the Chambers of Commerce and the Bankers Association to the acting Inspector-Genera] of Customs urging an early drawing on the Ninth Year Bonds, which is now four months overdue, the acting Inspector-General declines to make any public statement on the matter at present. In unofficial foreign and Chinese. financial circles the opinion seems to prevail that there is sufficient money at present to make sure of the interest on all the consolidated loans, but not sufficient surplus in hand for any drawing for amortization just now. They consider that it depends entirely on the Customs returns in the next few months whether drawings can take place this year or not. This again depends on the anii-Japanese boycott, the settled or unsettled state of the country, and other matters, the future of which cannot be foretold.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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